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of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
that would be devastating for our families and the economy, dismantling medicare and ending up cutting taxes for the rich while raising them on the middle class. and not only that, but it did rely on gimmicks and tricks to hit that arbitrary date. there is nothing balanced about that kind of approach, and i'm very glad that every member of the senate had an opportunity to be clear about where we stand on that. mr. president, the senate also voted yesterday to specifically reject the idea that medicare should be dismantled or voucherrized. i'm glad we had strong bipartisan support on that amendment. we also voted clearly for the idea that while both sides favor closing tax loopholes and ending wasteful reductions that favored the wealthiest americans and biggest corporations, the senate thinks some of that revenue should be used to tackle the deficit and invest in the middle class, not be used just to simply cut tax rates for the rich the way that the house budget did. so, mr. president, we have a few more hours of debate this morning between now and 11:00, followed by some votes, and then we
is trying to shoot down this tax on a medical device maker. >> the medical device packs is something that is a pretty bipartisan bill. you will not see a lot of bipartisanship there. dagen: brad, final word. do we really know what this will cost us as a nation and individuals? >> we look no further to the entitlements that the government had to perform before obamacare. medicare, renegade is going bust on its own. we created a whole new entitlement program where we could not even administer properly and provide the coverage to those already admitted. it is on a pathway to unsustainability unless something is done to change those programs. i have no confidence that obamacare will have any more success than the two programs i mentioned. dagen: thank you both. the well. connell: senators getting set for a marathon with back-to-back voting. they will be voting on amendments that protect the budgets. dagen: rich edson is live in washington, d.c. with more. rich: most of them are designed to get the other party to take difficult votes. the republican amendment drew more than 30 democrats i
about the professional caucus. that group wants the following raise income tax rate for billionaires to 49%. to eliminate many tax deductions for high wage earners in america. to tax investment income at the same rate as wages. that means if you make money on a stock and you are a rich person, you pay half your profits to the government. there is a bunch of other stuff the cpc wants including massive amount of new spending. many folks including me think this would absolutely destroy the american economy. with me is david callahan from a liberal think tank. let's take the rate for billionaires. and then they want 45% for millionaires, right? number one, i don't quite understand. i guess billionaires and millionaires would have to hand over their personal portfolio information to the irs? that would have to happen, right? >> the idea here, bill, is that donald trump and his dermatologists shouldn't be paying the same tax rate. right now, after 39 percent, everybody who makes more than $400,000 a year pays the same rate. so, it doesn't make sense that a dermatologist making $425,000 a y
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
on public servants, wasted money spent in the financial crisis and the only thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall
and a member of the ways and means tax writing committee. if you would, starts by bringing us up-to-date on where the house is when it comes to the continuing resolution and the 2014 budget. guest: the continuing resolution which funds the government was passed out of the house a couple of weeks ago. the senate has been dealing with that. they passed it last evening. it is back in the house, and we will likely pass that today, which is good news because one of the things that we included was the spending reduction, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more certainty so young people coming out of college know there i
on the failed idea that giving another round of tax cuts will somehow triple down and lift up all the other boats. we know that has not worked. peter: the senate starts its votes on its budget tomorrow. i will start here before i talk about easter bunnies and march madness. connell: we do not want that, peter. we never want you to get into trouble. dagen: that does not get you into trouble with us. we go as far as talking about audio parts. right now we want to talk about funding the government. 68% of americans say it is a problem. connell: monica crowley is here with us today, as is leo kelly. interesting because of what we have seen in the stock market. today, with the market pulling back with all-time highs, it is not really about the stuff peter is reporting about. >> cyprus, his little country that no one really was paying attention to a couple weeks ago certainly has no whole world turned upside down. what the market has really come to expect from washington is delayed until the last minute, but come up with a resolution. the threat goes away each time they do this. dagen: speaking o
were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that y
on this rich guys did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what concerns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the government is watching and limiting, and i am kind of worrying. what is going on in this island nation, is a tsunami. bank on it. literally. to rich edison, in cyprus to this nervous night before, hey, rich. >> good evening neil, you have to imagine, folks without access to their banks account will have some tomorrow 8:30 in the morning. for more than a week these folks had closed banks today there was a bit of a lull, in fact that banks were closed not beca
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
their carry-ons with them? if you are tired of washington's high taxes and big spending here is one way to stick it to the man >> tom: okay, you go first. i'll be right behind you. i have seen a lot of tax protestors and they do put them in prin when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follome on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show lou: good evening, everybody. thank you for joining us. the dow jones industrials three consecutive record closes in did today a
bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform, would be glad to look at tax reform that generates additional revenues and that doesn't mean increasing rates, that means closing loopholes. it also means arranging our tax system so that we have economic growth. >> i don't know whether we can come to a big agreement. if we do, it will be between the two parties on capitol hill. the president got his tax hikes on january the 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the speaker went on to say he agrees with president obama that the country does not face an immediate debt crisis.
, and opportunity. they are clinging to the status quo. more taxing, more spending, more borrowing. we owe the american people a responsible, balanced budget. that's what we are delivering today. and i urge support of this resolution. >> well, paul ryan's pitch worked. 221 house republicans backed his plan that seeks to slash almost $5 trillion in spending and balance the budget in ten years. senate democrats promptly voted the ryan plan down last night. with me now michigan democratic congressman sander levin the top dm on the ways and means committee. i know you've spoken out forcefully against the ryan budget. let me ask you this. where do we go? republican controlled house, democratic controlled senate. obviously the senate made very clear the ryan plan was not their vision for the future of budgeting in this country. where do we go? how do we resolve these differences on where to spend money and why? >> it is going to be very difficult. the republican conference has really become radicalized. i was reading a clip from politico a few days ago that had republicans in georgia saying they
for about $1 trillion in tax hikes. it does nothing to lower america's whopping $16 trillion debt and it now sets up contentious negotiations with a republican-controlled house. hello, everybody. i'm live in the nation's capital. america's news headquarters starts right now. >>> folks, it was a senate all-nighter. finally in the early hours of the morning, the budget deal passed. not one republican voted for the plan and four red state democrats, who are up for re-election in 2014, also voted against it. we are joined now with the very latest on the last-minute scramble to get the deal done and where it goes from here. elizabeth? >> reporter: after 13 hours and 6 minutes, the senate narrowly approved the budget plan, passing 50-49. during the marathon session, senators were facing more than 500 amendment bus they voted on about 70. the vote-a-rama getting praise from the top members. >> i know everyone is exhausted. you may not feel at the moment. this is one of the finest days in the senate in recent years. >> reporter: the resolution raises nearly $1 trillion in new taxes. the government w
because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eurozone. the debate and the vote on that bailout deal will be kicking off in around four hours from now at 4:00 p.m. local time. thou, a lot of uncertainty as to what the outcome of the vote will be, given that nobody has a clear majority. having said that, there is, of course, the chance that some of the lawmakers who have been wavering could have been appeased by the talk that some of the taxes for the smallest depositors could be lowered. now, "the wall street journal" has reported that those deposits between zero is and 100,000 euros could be taxed at only 3% as opposed to 6.75% previously. now, the middle bracket would be 100,000 to 500,000 euros. that could be taxed at 10% and then anything in excess of half a millio
-called vice taxes. you have probably heard the sequester cuts go after about $44 billion in this fiscal year. let me give you a sense of this. taxes on tobacco and alcohol and gaming, gambling, lotteries, generated together $75 billion compared tough sequester, that taxes are doing a very powerful job. that is, federal, state and and local revenue. two states, two states have legalized the recreational use of marijuana. they are colorado and washington . colorado collects more than $5 million in sales, $5 million in sales from dispensaries, pot dispensaries, marijuana. washington is reportedly collecting some $750,000 in taxes, although they have been having trouble getting dispensaries registered with the state. it is affecting their revenue. pot smokers procrastinating. hard to imagine. well, regarding that $13 billion pornography industry, 13 billion. california is earning about $36 million per year just in revenue from the porn industry. it's worth about a billion dollars overall to the economy, just in southern california. we we are on the subject of sex in addition to the so-called vic
and half through tax hikes. senator corker, let me start with you will senate republicans accept a tax increase if you get serious entitlement reform and cuts? >> i think senate republicans and all republicans want to see a 75 year solution to entitlements and i think republicans are joined in wanting to see tax reform so to the extent that generates revenues and how that is scored obviously that will be debated as we move ahead but i think all of us understand the real issues driving the deficit is in our o country are the entitlements. we want to see these available for generations to come. >> chris: but real quickly you you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think are the prospects there willle be a deal sometime before this summer? >> well, again, i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months i think that we will know when the president is serious by virtue of a process that is set up where he
of the newest senators go on the record voting for or against spending or higher taxes. the budget would be nonbinding so would act as guidelines for the u.s. government. but at the heart of the debate, how do you reduce the government's massive budget debt, and changes in taxes and spending. today the top democrat and the republican had their say. >> both sighs favor closing took loopholes that favor the wealthiest americans, and the senate thinks shouldsome revenue should be idea to tackle the deficit and invest in the middle class, not just simply cut tax rates for the rich. >> usually you can tax more and spend more and borrow more and that will somehow create growth and prosperity. i believe we have had four years of that experiment, which i fundamentally doubted and opposed from the beginning. and it hasn't worked. >> shepard: regardless of whether it's worked or hasn't, the insiders say the democratic budget will likely pass. mike emanuel is in washington. how has the vote been going and what's it like in there so far? reporter: we expect starting any moment they'll vote on a seri
't the president, but the governor of california, and tax reform happened in that state. and it wasn't until later, ironically back in california, when ronald reagan as the president signed into raw the economic recovery -- into law the economic recovery act. real reform happened in the states. as was mentioned yesterday, there are now in america some 30 states that have republican governors and nearly as many that have republican legislatures. [applause] and so that's the good news. the good news is we have success, and it's happening in our states, and we can learn from that to tell our friends and our colleagues in washington how to move forward. because, you see, in the states to be successful we have to be optimistic. we have to be relevant. and most importantly, we have to be courageous. let me talk to you a little bit about each of those three things. you see, when it talks about being inspirational and optimistics, one of the things that's interesting is when i first ran for governor -- i have to say first because who would have thought i'd have to get elected twice in the same term -- [la
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
. the breakdown below $100,000 euros will be taxed at 6.57%. above that, taxed at 9-point #%. above 500,000 euros, taxed at 15%. the wholesale robbery has caused the citizen to rush to get the money out. the response, the banks close. how can a government assume it can get away with this? because they assume they can get away with it. they can own guns but it's a bear to get them. the government wonders of the populist, what are they going to do? shoot us? in america, yes, we will shoot you. gun control advocates have fun order to believe they protect us from the government tyranny. what if the government here tried to take over your bank account? war. it would be on. cyprus proved that joe biden's notion all you need is a shotgun is deeply flawed. sadly, though, the steal from the rich mentality is alive and well in america. remember occupy wall street? how different is the solution from the ret take demands your wealth is spread around? the defense against the toxic ideology isn't only reason but almost with a rifle. so it will never happen here. you have the good sense of the founding fathers
of constants. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are n
henneberg live for us in washington. critics say the rollout will mean more taxes. republicans andhs and democrats voted to repeal the medical device tax. on everything from latex gloves to wheel chairs to dental instruments. but you insurance industry advocates warn that more taxes from the law are coming down the pike. >> the reform law you includes a new $100 billion tax on health insurance that starts next year. 2014 it will be $8 billion. that will mean an average individual is going to pay over $100 more on the the premium as a result of the alone. small businesses will pay over $350 for each family they provide coverage for are. >> reporter: but president obama contends that obama care is already saving seniors money on prescription drugs and allows young people to stay on family health plans until age 26 and is slowing the growth of healthcare costs. harris? >> harris: i know the president is also saying that there will be more health insurance options for americans later this year but that is also running into some trouble. >> reporter: yes, the obama care law creates insur
if is car theish oo you here is tax payer loans are contingent upon building cars at the former gm plant in the u.s. in delaware. that was supposed to create thousands of american jobs but so far has created none. potential chinese buyers balking at the idea to build here in the u.s. it is uncertain if the white house will change it for that reason asewn. fox business network, lauren simonetti, thank you. >>> are you looking to get ahead in your career? it may be as simple as setting a date and writing it down. kate upton could be a lot of men's dreamgirl. one teenager is hoping she is the dream date for the prom. did she say yes? ÷÷ music ... music ... music... >> 20 after the hour. the fda is scrapping the cigarette warnings. they are abandoning a legal battle to have cigarettes light up. they will replace those to include images of diseased lungs. overnight new york firefighters rescued a construction worker who was trapped in mud for hours. he was working in a 75 foot deep subway tunnel when he got suck in mud up to his waste. firefighters used an vel vacuum to help pull the man
costs is beginning to slow. but they want to repeal part of obamacare. a tax on medical devices that would have increased the costs we pay for things like latex gloves to wheelchairs to hip replacement. there is still $1.3 trillion in other taxes that are set to hit over the next decade. house republican speaker john boehner put out a statement on obamacare. he said, quote, far from bending the cost curve, it's projected price tag is nearly doubled. health insurance premiums are expected to climb further when the law takes full effect next year. the millions of jobs democrats promised is nowhere to be found and businesses large and small are already pointing to the impact of obamacare as the reason for planned layoffs and reluctance to hire more staff. republican controlled house passed the budget that repeals and de-funds obamacare but in the senate in this week a measure to repeal obamacare was voted down. >> the beat goes on. thank you very much. >> gregg: not much has changed. >> the senate approving a democratic budget in a late nightmare thon of voting. >> the ayes are 50,
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
a silicon valley insider and former yahoo coo daniel rosenzweig on the push for the sales tax. what impact will that have on retailers? you'll want to hear his answer this morning and first, why dollar general can make some sense for your portfolio and take one more look at futures this morning. looking at a pretty decent open for a short workweek this day as we have good friday off here. live from squawk on the street from post 9 when we return. your big picture. but e with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> shares of dollar general rising in pre-market tradex clueding items that yrms 97 cents a share, beating wall street forecasts and revenues essentially in line with the company benefiting from increased food sales and jimmy,
taxes taken out of the pockets of hardworking american families, more government spending which adds to the trillions of dollars in debt that will be handed down to the next generation. our friends on the other side of the aisle talk about a balanced approach, but they refuse to even balance their own budget. our vision calls for a stop to washington's failed policies and reckless spending. it says american families and small businesses understand you can't spend more than you take in. you need to balance your budget, and it's time for washington to do the same. this vision seeks to protect the things that we value most, to keep the promises we made to our seniors, to our veterans. i'm the son of a u.s. marine. while at the same time allowing us to leave a better future for our kids and our grandkids, that's the vision i want to work toward and that's why i'm proud to support the house budget committee's proposal which we'll be voting on later this week. this isn't about passing a budget for one year, just one time. this is about creating lasting solutions that help grow our economy
on the record for the first time. voting for or against changes in spending and tax hikes. mime immanuel is live on capitol hill. these votes, a lot more rapid fire than we are used to seeing out of that senate. >> that's right, shep. voting on anywhere from 25 to 30 amendments. the senate democrats' budget among the tough topics. abortion, taxes, and bailouts. so democrats on the 2014 ballot including mary ahead expeditiously. >> the senate will come to order. >> so i would just let all senators know you leave at your own peril. >> and senator murray's budget is expected to come up for a vote late night tonight with 55 democrats in the senate. it is expected to have enough support, shep. >> shepard: some surprising amendments to this thing here? >> that's right. there was something called the marketplace fairness act that just got 75 votes. supporters say it is designed to level the playing field for traditional merchants trying to compete with those on the internet in terms of taxes and it did earn bipartisan support. >> i have a very conservative friend over here on the republican side who sa
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
of the nation of cyprus. the government elected to come up with a plan be after the parliament levied a tax of up to 10% on anyone who had any bank deposits. now the question is whether they going to do. this is important for us and of course, that can affect our 401k. but that dow average just hit a record high. greg is following the story from london. reporter: that's right, folks today are scrambling to come up with a new way from dragging all of your done with it. they voted down a plan that would see big bites taken out of private bank accounts. again, there has to be a way to get this country out of the way. one way to do it is lax banking regulations. moscow has a stake in all this. officials are reportedly looking for a big loan. back in, with strings like energy and getting rights for the people. the banks are worrying that people. we are told that it could be closed until some kind of deal is done. atms are working. you can get about $1300 out of it and atm each and every everyday. but the hitch is that the atm's run out of money by about 7:30 a.m. so you have to get there early.
the americans people and addresses things that are important to american families. you know, fixing the tax code, lowering the rates means more jobs and higher wages for the american people. voting for this budget means voting for the keystone pipeline. american-made energy means more jobs and lowering energy prices for the marn people. supporting patient-centered reforms means more jobs and lower health care costs for the american people. and protecting and strengthening medicare meeds a secure retirement for older americans. cutting waste means more airness and accountability for hardworking taxpayers. doing this means preserving the american dream, which is what we were sent here to do. we've balanced the budget before. 1997, republican congress working with a democrat president, bill clinton, came together to put the plan that would in fact balance the budget and we did. for four years ran a budget surplus. the president has an opportunity during this critical debate to come forward and to help make this part of his legacy like it has become part of the clinton legacy. working together on be
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> all right. check it out. because punxsutawney phil is a wanted animal. an ohio prosecutor is not happy with the famed groundhog's prediction of an early spring. like much of the northwest and mideast it's frigid in the buckeye state and the prosecutor says he wants the ultimate, the death penalty. >> it's definitely not spring, it's a snowstorm and temperatures in the teens and when i came to work in the wind and the cold, i said to myself something's wrong with phil, you know? punxsutawney has some answers he has to give. i'm going to indict phil and taking the death penalty because let's face it phil is already behind bars with a life sentence. what else is left? >> before you write to complain, the prosecutor admits he has fun and the story has legs. here is a copy of the official indictment. >> poor punxsutawney, can't get a break. >> and the powerball jackpot 320 million. >> i've got my
. his government has been blamed for a lot. the country has become a bit of a tax haven for rich russians. some banks, we are told now, will reopen on tuesday, but restrictions will be in place. there was real fear there will be a run on those banks when they do reopen and in fact, we have just learned that the two biggest and most troubled banks will not reopen tomorrow. we're told now they won't open again until thursday. what is the u.s. take away from all this, megyn? >> europe, the ally, and trading partner for the united states, certainly, is intact. that's a good thing. but according to experts, the credibility of the euro shall the credibility of the european union has been damaged by all of this back and forth for the past couple of days. as you noted, a very dangerous precedent has been set, that is dipping into private bank accounts to pay for the government, and maybe that's why we see the markets both here and in the states go down today. >> megyn: greg palkot, thank you. it's not often that the economy in cyprus makes global headlines, but experts say the latest and
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
about taxing deposits into cyprus. that got waves and concerns going. oh my good nist, could this be precedent setting. people said we're overreacting of the the truth of the matter doesn't appear we are. that country is dire straits and desperate for bailout fund. melissa: the limit on atm withdrawals had been double before this. they are trying to go to the atms because the banks are remained closed this thursday and friday. they said they would not open as soon as tuesday. they thought they avoided a run on the bank by not taxing deposits of the they creates their own run by keeping banks closed and they're limiting atm withdrawals. lori: they decrease the amount. melissa: that you can pull out. lori: here in the u.s. your deposits are fdic insured up to $250,000 but, you know we'll see where this goes. melissa: the house approving the senate passed continuing resolution bill, the bill to fund the government past march 27th heads to the president who is expected to sign it. but is this continuing resolution or bandaid approach to funding the government just another example
billion. >>> a new report shows three of the four companies paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-o
to reconcile these two documents. the house budget would balance after ten years. repeal obama care. no tax increases. the senate budget doesn't get to balance after ten years, it includes $1 trillion of tax increases, even some stimulus money to try to get the economy going. but it's significant that they're fighting at a lower level of intensity and turmoil. notice that the congress left for easter break without a crisis over a government shutdown. there was no crisis over potential debt limit, and government default earlier this year. could come back this summer but so long as it lasts, that's calming for the markets and good for the economy, and it may, lester, leave some space still for a compromise in which democrats would agree to changes in cuts in medicare and social security, and republicans would come up with a little bit more tax revenue, lester. >> all right, john harwood tonight, thank you. >>> president obama wrapped up his four-day visit to the middle east today, after helping israel and turkey end a three-year diplomatic dispute. that, in turn, will help the region deal wit
paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-old dennis macedo. po
even though republicans have given up $600 billion six weeks ago and saying you got your taxes and now we want to see some spending cuts. are those two positions in concrete and intractable? >> i don't think so. the only time i would flatten the tax code and i think that is a good idea, by the way, to eliminate a lot of the loopholes and deductions but what do you do with the money? i would like to put some on the debt and buy down tax rates particularly the corporate rate to create jobs. we need economic growth. for me to o do that he has to embrace entitlement reforms. social security and medicare are going bankrupt. a demographic change in the country. 10,000 baby boomers retire a day. medicare and social security are unsustainable. if the president will help me save medicare and social security and refor reform medii will flatten the tax code but not going to do one without the other. i'm looking for the biggest spending cut in the history of the country along with reforms to save medicare and social security from bankruptcy. then i will do revenue. >> mike: for the first time sinc
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
critical topics today. so what are the fundamental issues? well, with taxes we know ronald reagan spent much of his life trying to cut them for the average american. he was convinced that it was the man or woman on the street who knew how to spend their dollar more wisely than a distant federal government, and he did all in his power to prove it by cutting taxes. when governor jeb bush was in office, he cut taxes on floridians by $20 billion. let's talk about the size of government. when ronald reagan was in the white house, he dramatically reduced the ate rah of growth in federal spending and strove to reduce the size of the federal government. when governor bush was in office, he vetoed more than $2.3 billion in earmarked for higher state spending and retuesdayed the size -- reduced the size of the state's government payroll by 13,000 people. when ronald reagan did that on the national level, he did it with a purpose in mind. it was to spur the free market, create opportunity and provide incentives for businesses to frau. in his years in office, over 20 million new jobs were created i
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